French supermarket chain Casino is expected to begin official negotiations with creditors this week, as a group of wealthy investors circle the indebted retail empire built by Jean-Charles Naouri.
Saddled with too much debt, declining revenues and a loss of market share, Casino, which owns the Franprix and Monoprix chains, has been ailing for several years. The retailer’s parent companies through which Naouri controls Casino have been in court-supervised restructuring since 2019.
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